We really don't know a thing about the restricted shares, so we have no answer, but if they covert to common, then yes there would be little benefit for him. And if you get that these PRs are looking like a primer, then you know why they have to take that next step and have audited fins. It time for them to grow up and become fully reporting, headaches and all.
"If you choose not to decide, you still have made a choice."